While you were asleep: Twitterati Elon Musk stirs market again – this time it’s Bitcoin

What’s up with Elon Musk, songs and the market? This week he sent the share price of Samsung Publishing Co. surging after tweeting about the popular kiddie jingle ‘Baby Shark’. This morning it was Bitcoin. With Linkin Park’s ‘In the End’ and a broken heart emoji he caused Bitcoin to lose 3.4%, denting this week’s stabilisation in the crypto sector after a rout in May, reports Bloomberg.

Jobs data in the US and UK are boosting hopes of faster economic recoveries. In the US jobless claims dipped to another pandemic low, while in the UK the hiring rate hit a 23-year high.

In South Africa, the net is closing in on the Guptas with the NPA seeking the help of Interpol to arrest two brothers and their wives.

Here’s a round-up of the world’s top and most interesting business headlines:

SA Business

Gwede Mantashe denies corruption in electricity feud – Bloomberg

Crisis-hit CNA may face legal battle from ousted CEO – News24

Ramaphosa appeals for end to broadband litigation – Daily Maverick

US Business

Google to let Android users opt out of tracking – MyBroadband

Ultrarich fleeing to Puerto Rico find the IRS already waiting – Bloomberg

Biden proposes 15% corporate minimum tax – Reuters


Thirteen waste years later, our electricity network is crumbling – and South Africa with it – Daily Maverick

‘Don’t Be That Sucker:’ Traders Warn Against Joining AMC Rally – Bloomberg

I am handling it to finality’: Ramaphosa denies it was a political risk to act slowly against Zweli Mkhize – Sowetan Live

*Download the news aggregator app SAccess, available on Google Play and the App Store, to stay on top of financial and markets news from around the world.

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